KMEW Board Approves ₹150 Crore Preferential Issue & Warrant Conversion
KMEW Board approved a Preferential Issue of up to 7,64,317 shares at ₹1,962.53 each, raising approx ₹150 crore from four non-promoter investors. Additionally, 1,55,892 equity shares were allotted to promoter Sujay Kewalramani upon warrant conversion, raising ₹11.10 crore. An EOGM is scheduled for July 19, 2026, for shareholder approval.
The preferential issue is a substantial capital raise of approximately ₹150 crore, which can significantly impact the company's financial position and future growth prospects. The conversion of warrants also adds to the equity base.
The company is raising significant capital through a preferential issue and converting warrants, indicating positive growth and financial strengthening.
Knowledge Marine & Engineering Works Limited (KMEW) announced outcomes from its Board Meeting held on June 26, 2026. The Board approved a Preferential Issue of up to 7,64,317 equity shares, each with a face value of ₹5, at a price of ₹1,962.53 per share. This issuance, including a premium of ₹1957.53 per share, is set to raise approximately ₹149.99 crore (₹149,99,95,042.01) from four non-promoter category investors: 360 One Pipe Fund, FLC Investco LLC, Bank of India – Mid & Small Equity and Debt Fund, and Bank of India – Small Cap Fund. The company also approved the appointment of CARE Ratings Limited as the monitoring agency for this issue.
Furthermore, the Board approved the allotment of 1,55,892 equity shares of ₹5 face value each to Mr. Sujay Kewalramani, a promoter group member, upon conversion of warrants. This conversion, based on an exercise price of ₹1,425 per warrant (75% of ₹1,900), aggregated to ₹11.10 crore (₹11,10,73,050). Following this allotment, the company's paid-up equity shares increased from 2,44,44,108 to 2,46,00,000 shares. The equity shares allotted upon conversion of warrants will rank pari-passu with existing shares.
To seek shareholder approval for the Preferential Issue, an Extra-Ordinary General Meeting (EOGM) has been convened for Sunday, July 19, 2026, at 11:00 AM IST. The board meeting commenced at 4:00 PM and concluded at 5:18 PM.
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Knowledge Marine & Engineering Works Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Knowledge Marine & Engineering Works Limited. Read the original for the full detail.